(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
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Quartix Technologies PLC - Newtown, Wales-headquartered vehicle tracking software firm - Reports a good start to the year, with continued growth in annual recurring revenue, net revenue retention, vehicle subscriptions and customer base in each territory in the first quarter of 2026. By comparison to a "very strong" first quarter last year, new subscriptions and the rate of customer acquisition were lower year on year but prospects remain "encouraging". Revenue and profit are in line with achievement of market expectations for the year which Quartix believes are for revenue of GBP40.3 million, adjusted earnings before interest and tax of GBP10.1 million and free cashflow of GBP4.7 million. Free cashflow for the quarter is "very strong" and is expected to have been GBP2.7 million, leaving the closing cash balance at GBP8.2 million.
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Shoe Zone PLC - Leicester, England-based footwear retailer - Lowers guidance for the financial year to October 3. Now expects adjusted pretax loss of between GBP1.0 million to GBP2.0 million compared to prior hopes for a GBP1.0 million profit, and a GBP2.4 million profit the year prior. Blames challenging trading conditions in the first three months of 2025 on the UK government's last two budgets, and geopolitical issues in the Middle East which have weakened consumer confidence. "These macroeconomic factors have increased customer caution, leading to lower footfall, less discretionary spend and additional costs such as container prices and transportation costs, with a resultant reduction in revenue and profit," it says. Shoe Zone expects second half trading and costs will also be impacted. "We remain debt free and confident in our cash management, with cash levels at the end of March 2026 higher than the year end position for FY25," the firm adds. Interim results are due for release in early May.
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Cambridge Nutritional Sciences PLC - London-based specialist medical diagnostics company - Expects revenue to be GBP7.0 million in the financial year to March, down from GBP8.3 million the year prior, with an adjusted loss before interest, tax, depreciation and amortisation of GBP400,000 compared to a profit of GBP400,000 the year before. Underlying revenue grows 11%. "Revenue was in line with market expectations after adjusting for reduced and delayed orders from the Middle East & Asia in the second half of the year. These were driven by a challenging and disrupted trading environment created by geopolitical instability and uncertainty, rather than a loss of local business partners," it says.
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LBG Media PLC - Manchester, England-based digital entertainment company which owns social media accounts such as LADBible - Revenue rises 19% to GBP52.4 million in the half-year to March from GBP43.9 million the year prior, or by 22% at constant currency. Lower margins contribute to a fall in Ebitda to GBP8.0 million from GBP12.2 million. LBG says the increased focus on Direct revenue streams is performing ahead of expectations, with the result that the board is increasing its full-year 2026 revenue expectations to around GBP110 million, above GBP105 million consensus. However, the revenue mix means that the firm expects FY26 Ebitda of GBP22 million compared to consensus of GBP25.4 million.
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Kistos Holdings PLC - energy company with offshore and onshore assets in the UK, Norway, and the Netherlands - Reports proforma Ebitda of around USD75 million in the first quarter of 2026 and average proforma production of 21,800 barrels of oil equivalent per day. Retains 2026 proforma guidance for production of 19,000 to 21,000 boepd. Proforma figures include production from the Oman acquisition as if the acquisition of Blocks 3&4 and Block 9 had completed on January 1. On Wednesday, Kistos says the acquisition of Blocks 3&4 and Block 9 in Oman remains on track, with the completion of Blocks 3&4 anticipated to precede Block 9 due to the different EPSA framework. All necessary approvals for the transfer of Blocks 3&4 have been obtained, including Ministerial Approval, it says. Once complete, the acquisition is expected to add 25.6 million boe of 2P reserves net to Kistos, with a valuation of USD5.80/boe of 2P reserves. Executive Chair Andrew Austin says: "Kistos' entry into the Middle East is set to double the company's current production and 2P reserves, adding immediate scale and geographic diversity. The oil and gas produced from these assets is exported directly via the Arabian Sea, bypassing traffic in the Strait of Hormuz."
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Helical PLC - London-focused property developer - Reports "further strong progress" across the business in the period from October 1 to April 21 building on the "significant momentum" delivered in the first half of the year. Discloses significant letting progress with the encouraging increase in enquiries in the Old Street sub-market now translating into tangible letting activity.
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Liontrust Asset Management PLC - London-based fund manager - Net outflows decline to GBP836 million in the three months to March from GBP1.28 billion the year prior. Assets under management total GBP19.55 billion at March 31, down from GBP22.59 billion a year ago. By April 20, Liontrust says AUM rose to GBP20.75 billion. "The extreme volatility and dislocations we have seen in markets over the past couple of weeks are demonstrating the importance of, and opportunities for, active management and stock picking," Liontrust says. Chief Executive John Ions says: "It feels that over the past few years, the only certainty has been uncertainty. The current day-to-day unpredictability and fluctuations in markets reinforces our belief in active management and the long-term power of robust and repeatable investment processes."
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By Jeremy Cutler, Alliance News reporter
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